Legal Opinion

Elias Guerra, in his capacity as Securityholder Representative of former stockholders of Popwallet, Inc. v. Snap Inc.

Court of Chancery of Delaware

Decided May 1, 2026No. C.A. No. 2024-1009-CDWPublished

1Opinion of the Court

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE ELIAS GUERRA, in his capacity as Securityholder Representative, and POPWALLET, INC., Plaintiffs, C.A. No. 2024-1009-CDW v. SNAP, INC., Defendant. REPORT GRANTING DEFENDANT’S MOTION TO DISMISS Date Submitted: January 8, 2026 Date Decided: May 1, 2026 James S. Green, COLE SCHOTZ PC, Wilmington, Delaware; Tyler Hudson, WAGSTAFF & CARTMELL LLP, Kansas City, Missouri; Counsel for Plaintiff Elias Guerra William M. Lafferty, Susan W. Waesco, Sara Carnahan, MORRIS, NICHOLS, ARSHT & TUNNELL LLP, Wilmington, Delaware; Counsel for Defendant Snap Inc.…

2Cases cited16 opinions

  1. Securities & Exchange Commission v. National Securities, Inc.Supreme Court of the United States · 1969
  2. Levitt v. BouvierSupreme Court of Delaware · 1972
  3. Gotham Partners, L.P. v. Hallwood Realty Partners, L.P.Supreme Court of Delaware · 2002
  4. Chadbourne & Parke LLP v. TroiceSupreme Court of the United States · 2014
  5. Ryan Rowinski, on Behalf of Himself and All Others Similarly Situated v. Salomon Smith Barney Inc., Ryan RowinskiCourt of Appeals for the Third Circuit · 2005

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